Business News

Leading Economic Indicators Rose

As we head into Thanksgiving week, investors have many things for which to be thankful; from a global bull market in equities, to very few signs of a recession starting over the next 12-18 months. In honor of everyone’s favorite Thanksgiving Day bird, did you know that the size of your average turkey has grown substantially over the past 50 years? That’s right; the average turkey was 17 pounds in 1960 and was more than 30 pounds last year. (LPL)

S&P 500 earnings and revenue growth each ticked 0.1% higher over the past week and are now tracking to 8.2% and 5.4% year-over-year increases, respectively. Overall earnings growth is tracking to a more than 11% year-over-year increase. (LPL)

Leading economic indicators rose by 1.2% in October. The index "suggests that solid growth in the US economy will continue through the holiday season and into the new year," Conference Board research director Ataman Ozyildirim said in a statement. The index is a closely followed indicator for how healthy the U.S. economy is. The Conference Board tracks 10 components, including manufacturers' new orders, stock prices and average weekly initial claims for unemployment insurance. (CNBC)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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